The Sri Lankan government is again seeking a buyer for the debt-ridden national carrier, SriLankan Airlines, Bloomberg reports.
Sri Lanka’s Finance Ministry will seek preliminary bids for the airline, which has at least $1 billion USD of debt, by September or October.
The move comes a year after talks with sole bidder TPG Capital collapsed.
According to its annual report the company’s accumulated losses stood at $879 million USD as of March 2017.
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